This course will provide participants with the tools and techniques necessary to enhance all the building blocks of accounting and finance. From accounts payable and cash management to budgeting and financial statements, we will show you best practices in tools and techniques that will make your job easier and help you deliver more value. The course will also cover behavioral concepts related to the day-to-day accounting and finance operations.
Effectiveness versus efficiency
Functions of management
Finance and accounting vision and mission
Customer service survey
Purposes and processes of finance and accounting
The accounting processing cycle
Overview of key financial statements
Income Statement
Balance sheet
Cash flow
Accounts payable life-cycle
AP common inefficiencies - areas for improvement
Centralized versus decentralized AP
AP/supplier portal
Electronic expense reporting
Online purchasing catalogue
Document management system
Accounting for the allowance for doubtful accounts
Four dimensions in managing AR
Costing methods
Valuation and presentation of inventory
Best practices in inventory management
Fixed assets life-cycle
Capitalizing versus expensing
Tracking fixed assets
Identify the main elements of a vision for finance and accounting
Evaluate and improve accounts payable process
List the key best practices in receivables, inventory and cash management
Assess the budgeting process in their organizations and recommend improvements
Apply MS Excel reporting and analysis techniques for a faster accounting and finance operations
Develop an enhanced understanding of the Behavioral concepts related to the day-to-day finance and accounting operations
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